Us mortgage rates continue to rise.
Freddie Mac said Thursday that the average interest rate on 30-year mortgages was 3.09% last week, up from 3.05% last week and the highest since April 8.
Although mortgage rates remain historically low, they have climbed slightly in recent weeks. Higher borrowing costs may lead to a decline in the purchasing power of potential home buyers.
Extended reading: the decline in housing starts in the United States in September was dragged down by a decline in multi-family housing construction.
"although the supply of second-hand housing is improving, prices remain high due to demand from buyers and restrictions on new housing starts," said Sam Khater, chief economist at Freddie Mac. However, despite these negative factors, we expect the property market to remain strong until the end of the year. "